Cornerstone Planning Group LLC Invests $822,000 in Convergence Long/Short Equity ETF $CLSE

Cornerstone Planning Group LLC purchased a new stake in Convergence Long/Short Equity ETF (BATS:CLSE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,197 shares of the company’s stock, valued at approximately $822,000. Cornerstone Planning Group LLC owned approximately 0.36% of Convergence Long/Short Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Preferred LLC lifted its holdings in Convergence Long/Short Equity ETF by 663.8% during the 1st quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock worth $44,000 after purchasing an additional 1,374 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Convergence Long/Short Equity ETF by 32.2% during the 1st quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock valued at $324,000 after buying an additional 2,804 shares in the last quarter. Elyxium Wealth LLC grew its holdings in Convergence Long/Short Equity ETF by 5.3% during the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock valued at $3,005,000 after buying an additional 5,512 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Convergence Long/Short Equity ETF by 338.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 351,785 shares of the company’s stock valued at $9,614,000 after buying an additional 271,528 shares during the period. Finally, Flagship Harbor Advisors LLC increased its position in shares of Convergence Long/Short Equity ETF by 4.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock valued at $19,280,000 after buying an additional 30,205 shares during the period.

Convergence Long/Short Equity ETF Trading Down 0.2%

Shares of Convergence Long/Short Equity ETF stock opened at $33.71 on Friday. Convergence Long/Short Equity ETF has a 12-month low of $23.19 and a 12-month high of $34.76. The company has a market cap of $270.35 million, a price-to-earnings ratio of 18.57 and a beta of 0.61. The company’s 50-day moving average price is $33.71 and its 200-day moving average price is $30.49.

About Convergence Long/Short Equity ETF

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is managed by Convergence.